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Drastic Change in Food Consumption Habit to Propel Global Meal Replacement Market at 5.30% CAGR 2018-2025

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Los Angeles, CA -- (SBWIRE) -- 04/19/2019 -- The global meal replacement market is one of the growing markets globally as it is transforming the way food is being consumed amongst urbanites. Meal replacement food offers simple solutions to a fit and healthy lifestyles through a wide range of its products. This market was worth US$11900 mn in 2018 and the current trend suggests that the market will reach US$17100 mn by 2025, registering a robust CAGR of 5.3% during the forecast period of 2018 to 2015.

The research team at QY Research has published its analytical study of the market in its latest report, titled "Global Meal Replacement Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types, and Application."

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Global Meal Replacement Market: Drivers

Human food consumption habit has undergone a drastic change. Busy lifestyles, increasing health awareness, and rapid urbanization has radically changed food consumption habits creating a demand for convenient options. All of these factors are positively influencing the global meal replacement market. Several urbanites are opting for energy bars and protein shakes for a complete nutritional intake instead of full meals. Skyrocketing rate of obesity and the increasing demand for convenience products have also contributed to the surging demand for meal replacement products and the ready meals. Nutritional product vendors have also established demand for favorable and steady market growth.

Global Meal Replacement Market: Segment Analysis

The global meal replacement market is segmented by type and application. In terms of product type, the market is segmented into powdered products, ready-to-drink, edible bars, and others. In terms of application and end users, the market is segmented as supermarket, online, hypermarkets, and others.

Global Meal Replacement Market: Regional Analysis

On the basis of region, the global meal replacement market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Europe and North America have a high demand for the meal replacement market, as these two regions are more into a healthy lifestyle and conscious food choice. Asia Pacific is rapidly growing with a high demand as disposal income remains on the rise in the emerging economies.

Global Meal Replacement Market: The Key Players

The key players studied in the global meal replacement market are Herbalife, Abbott, Kellogg, SlimFast, Nestle, Glanbia, Amazing Grass, Healthy 'N Fit International, GlaxoSmithKline, MET-Rx, Kraft Heinz, Nutiva, Nouveau Dietetique, Orgain, Nutrisystem, Ultimate Superfoods, and Onnit Labs. These companies are trying to align their products with the changing their best to bring the best solution with replacement meals.

For example, Nestlé Health Science has announced to enter into a global strategic partnership with Amazentis, a Swiss-based pioneer in science-driven nutritional health. The partnership will support Nestlé's growth opportunities both in consumer healthcare and medical nutrition. These kind of partnership or merging with other companies help any big name to lead the market and stay strong in business

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